Wifts Investment Group

2011 Update

rupneu1 — Thu, 05 Apr 2012 05:23:26 +0000

After beating the S&P500 for two consecutive years by 26% and 15%, we saw our portfolio lagging the S&P500 by 9.5% in 2011. 2011 was a tough year for us. Dendreon dropped more than 2/3rd last year which significantly impacted our portfolio. Towards the end of the year last year, we were more defensive and were [...]

June 2011 Portfolio Update

rupneu1 — Thu, 14 Jul 2011 17:22:18 +0000

Here is an update of our portfolio. Sorry for not keeping up with the monthly updates. For the month of June, 2011 our portfolio was down 2.26% compared to a loss of 1.68% for S&P500. Our portfolio underperformed the index by 0.58%. For the year so far, we are up 3.3% compared to a gain of [...]

Provenge will be covered by Medicare

rupneu1 — Wed, 30 Mar 2011 20:42:43 +0000

Good news! Provenge will be covered by Medicare. It’s an expensive treatment, but the panel decided it is worth it. Here is a link to Bloomberg report. As I had mentioned in my February update, I have high hopes about this treatment (may be I am slightly biased because of my Immunology background). Analysts expect [...]

LMIA is up big after quaterly report

rupneu1 — Fri, 11 Mar 2011 18:54:05 +0000

LMI Aerospace (LMIA) is up about 18% (at the time of writing) after it released it’s quarterly report. The earnings for the recent quarter was in line with the analysts expectation, which was 26 cents. However, LMIA said it sees a strong year ahead and increased its revenue guidance because it expects increased engineering services [...]

February 2011 Portfolio Update

rupneu1 — Tue, 08 Mar 2011 02:59:32 +0000

For the month of February, our portfolio returned -1.75% compared to a return of 2.33% for the S&P500. Our portfolio underperformed the S&P500 by 4.80%. Year to date, we are down 1.35% compared to a gain of 5.88% for the S&P500. That an overall under-performance of 7.23%. We have been taking some defensive position in the [...]

S&P500 doubles from March 2009 Lows

rupneu1 — Wed, 16 Feb 2011 18:19:40 +0000

If you were bold enough to buy stocks during the lows of March, 2009 (intra-day low was on March 6th) you would’ve doubled your money. http://www.marketwatch.com/story/sp-500-doubles-off-post-crisis-lows-up-100-since-march-6-2009-2011-02-16

January 2011 Portfolio Update

rupneu1 — Wed, 02 Feb 2011 22:14:39 +0000

For the month of January, 2011 our portfolio was up 0.52% compared to 2.33% for the S&P500. Our portfolio underperformed the S&P500 by 1.81%. Not a good start for the new year, but we remained focused on the long-term and try not to get carried away with short-term performance (in either direction). As I mentioned [...]

Slow and Steady Saving Still Pays-WSJ

rupneu1 — Tue, 04 Jan 2011 20:59:02 +0000

Here is a good article for young workers from WSJ. Slow and Steady Saving Still Pays

2010 Year end Portfolio update

rupneu1 — Mon, 03 Jan 2011 20:39:07 +0000

I apologize for not being able to post our portfolio updates for the past few months. Here is our end of the year update. 2010 was a good year for us. Our portfolio returned 28.49% for the year compared to 12.78% for the S&P500, which means our portfolio outperformed the S&P 500 by 15.71%. Since we [...]

We are back…

neuro — Fri, 31 Dec 2010 02:35:00 +0000

Due to minor overlooking of administrative matters, our domain had been hijacked from us for a while. But all issues have been sorted out and we are back! Apologies for any inconveniences to our few users who actually visited the site during the down time. Check back in for updates… R.